U.S. stocks managed to rally higher and close in bright green territory yesterday despite an overwhelming number of looming uncertainties. For starters, weekly jobless claims came in worse than expected as 386,000 people had filed for unemployment benefits versus the estimated 376,000. The current account deficit also grew, coming in at $137 billion versus the previous reading of $119 billion. Equities charged higher as hopes for additional stimulus from the Fed grew given the concerning outlook at home coupled with a brewing debt crisis in the eurozone [see also Europe ETFs: The Good, The Bad, The Ugly]. Ahead of the upcoming Greek elections this weekend, investors will have one more key economic release to digest on the homefront. The University of Michigan consumer sentiment index is slated to come out later today after the opening bell, which makes the iShares Barclays 20 Year Treasury Bond Fund (TLT) our ETF to [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Buy On The Dip With Caution Wednesday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) Hitchhiker’s Guide To The ETF Galaxy ETF Insider: Greek Drama Far From Over ETF Insider: Cautiously Bullish At Home
U.S. stocks managed to rally higher and close in bright green territory yesterday despite an overwhelming number of looming uncertainties. For starters, weekly jobless claims came in worse than expected as 386,000 people had filed for unemployment benefits versus the estimated 376,000. The current account deficit also grew, coming in at $137 billion versus the previous reading of $119 billion. Equities charged higher as hopes for additional stimulus from the Fed grew given the concerning outlook at home coupled with a brewing debt crisis in the eurozone [see also Europe ETFs: The Good, The Bad, The Ugly]. Ahead of the upcoming Greek elections this weekend, investors will have one more key economic release to digest on the homefront. The University of Michigan consumer sentiment index is slated to come out later today after the opening bell, which makes the iShares Barclays 20 Year Treasury Bond Fund (TLT) our ETF to [...]
Click here to read the original article on ETFdb.com.
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